YONGTAI-PA

0.035

(%)

Adjustment

YONG TAI BERHAD

Entitlement subject Adjustment
Entitlement description
ADJUSTMENTS TO THE CONVERSION PRICE  AND CONVERSION RATIO OF IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES IN YONG TAI BERHAD ("YTB" OR "COMPANY") ("ICPS")  PURSUANT TO THE CONSOLIDATION OF EVERY 5 EXISTING ORDINARY SHARES IN YTB ("YTB SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 1 AUGUST 2022 ("ENTITLEMENT DATE") INTO 1 SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION")
EX-date 29 Jul 2022
Entitlement date 01 Aug 2022
Entitlement time 5:00 PM
Financial Year End 30 Jun 2023
Period of interest payment   to  
Share transfer book & register of members will be   to   closed from (both dates inclusive) for the purpose of determining the entitlement
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers 01 Aug 2022
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units)
(If applicable)
Entitlement indicator Ratio
Ratio :
Rights Issue/Offer Price
Par Value (if applicable)
Registrar or Service Provider name, address, telephone no BINA MANAGEMENT (M) SDN BHD
Lot 10, The Highway Centre
Jalan 51/205

46050 Petaling Jaya

Selangor

Malaysia

Tel:0377843922
Fax:0377841988


Remarks :
Reference is made to the Notice of Book Closure in relation to the Share Consolidation which had been announced by the Company on 18 July 2022. 

The conversion price of the ICPS and conversion ratio of the ICPS (for ICPS which are not converted into new Shares prior to the Entitlement Date) shall be adjusted pursuant to the Share Consolidation and in accordance with the provisions of the Company's Constitution ("Adjustments").

Pursuant to the Adjustments, the conversion price of ICPS will be adjusted from existing conversion price of RM0.80 each to RM4.00 each.

The conversion ratio of ICPS will be adjusted from existing conversion ratio of 1 ICPS for 1 new Share to 5 ICPS for 1 new Share. The adjustment will be effective on 2 August 2022, being the next market day following the Entitlement Date.

The notice setting out the details of the Adjustments will be issued and despatched to the ICPS Holders in due course. 

Holders of ICPS who wish to be entitled to the Share Consolidation should convert their ICPS by lodging their duly completed ICPS conversion forms with the Share Registrar of Yong Tai Berhad (at the address stated above) on or before 5.00 p.m. on Wednesday, 20 July 2022 such that their names will appear in the Record of Depositors of the Company at 5.00 p.m. on the Entitlement Date. 

This announcement is dated 19 July 2022.


Announcement Info

Company Name YONG TAI BERHAD
Stock Name YONGTAI-PA
Date Announced 19 Jul 2022
Category Entitlement(Notice of Book Closure)
Reference Number ENT-19072022-00005